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ICBC “Enterprise Express” Benefits 150,000 Small and Micro Businesses
 

In recent years, ICBC has been actively innovating integrated financial services for small and micro enterprises and launched “Enterprise Express”, a one-stop service platform in response to China’s business system reform, which connects financial services with public services and provides the public with an access to setting up small and micro enterprises. According to statistics, as of the end of 2016, more than 150,000 small businesses were established through the “Enterprise Express” platform.

The “Enterprise Express” platform is an innovative model connected and complementary with government information resources by leveraging its network and technology strengths. It provides start-up businesses with one-stop integrated services covering business registration, account-opening, settlement and financing. First, customers can easily make industrial and commercial registration at outlets of ICBC with no need to line up in government offices, which avoids issues arising from customers’ lack of knowledge on registration process and not only saves intermediary cost but also increases registration efficiency. Second, based on ICBC's information technology platform, enterprise registration can shift from paper filing to electronic filing and online information sharing, which boosts electronic and online services of government.

The “Enterprise Express” platform has been launched in 13 provinces including Guangdong, Guizhou, Henan and Liaoning and three cities including Shenzhen, Dalian and Ningbo. Branches of ICBC have also introduced a variety of distinctive services based on features of regional economy. For example, in Shenzhen, ICBC provides enterprises with not only one-stop registration service, but also integrated financial services such as settlement, cash management, salary payment, corporate internet banking and “Entrepreneurship Loan”, which makes it possible for enterprises to get financing credit simply with the registered capital and obtain loan support during the start-up stage.


(2017-03-17)
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